The following particulars relate to the Non such sports club: Income and Expenditure Account for the year ended Dec. 31, 1991.
To Salaries
To Printing & Stationery To Advertising
To Audit fees
To Fire Insurance
To Depreciation on sports
equipment
To Excess of Income over
Expenditure
1,500 By Entrance fees
2,200 By Subscriptions
1,600
500
1,000
9,000
14,300
30,100
Receipts and Payments for the year ended Dec. 31, 1991.
To Balance b/d
To Entrance fees
To Subscriptions :
1990
1991
1992
To Rents Received
Rs. 4,200
10,500
By Salaries
By Printing and Stationery
By Advertising
600 By Fire Insurance By Investments
15,000
400 By Balance c/d
3,500
34,200
By Rent
10,500
15,600
4,000
30,100
Rs.
1,000
2,600
1,600
1,200
20,000
7,800
34,200
The assets on 1st Jan. 1991 included club grounds and Pavilion Rs. 44,000; Sports equipment Rs. 25,000 and Furniture and Fixtures Rs. 4,000. Subscriptions in arrears on that date were Rs. 800.
Prepare the Balance sheet as at December 31, 1991.
Answers
Answered by
1
The assets on 1st Jan. 1991 included club grounds and Pavilion Rs. 44,000; Sports equipment Rs. 25,000 and Furniture and Fixtures Rs. 4,000. Subscriptions in arrears on that date were Rs. 800.
Prepare the Balance sheet as at December 31, 1991.
Answered by
0
Answer:
opening capital fund Rs.78000. B/s total :Rs.93700
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